Equity release for over 55s

By AKORN Financial Advice Ltd

15 Mar 2023

Akorn Equirelease

AKORN Financial Advice Ltd has always focused on providing the services that their clients need.

With an already established brand, through the work they do within the mortgage space, across the North West and beyond, it became apparent a number of years ago that adding the specialist area of Equity Release help more of their clients.

Launching its Equity Release service in 2019 has allowed the firm to provide a full suite of solutions to clients in almost any stage of life.

Colin Taylor, director of mortgage, protection and equity release, says: “Being able to provide this level of specialist advice enables us to help even more people and in the current economic climate this has really come into its own and has allowed us to stand apart from other firms."

Equity release allows a homeowner, aged 55 or over, to access some of the money (the equity) within in the value of their home. With the money released this way being spent on what they like.

Some of the most popular reasons for wanting to release equity in later life are:

  • Clearing debt and therefore reducing monthly outgoings
  • Helping a family member buy their first home
  • Paying for home improvements or renovations to your home
  • Making a major purchase, like a new car or caravan
  • Taking that holiday of a lifetime.
  • To supplement income in retirement.

Taking out an equity release mortgage allows you to do these things without having to sell the property, use other assets such as pensions and savings, or take out personal loans.

“Equity Release is not for everyone, but for the right circumstances it can be life changing. We’ve had clients who, without doing some form of Equity Release, would be faced with having to sell the homes they love”. 

Our experience means that we know most of the pitfalls and details around many of the specialist lenders, so you can rest assured knowing we’ll find the right options for you.

“It was published in the latest 2022 annual report from the Equity Release Council (of which we are members) that more than 93,000 new and returning customers borrowed £6.2bn.

"The industry is expanding at a rapid rate, it has almost doubled in size over the last five years, as more and more people want to remain in their home and use it to help fund retirement, larger purchases, holidays, to pay off debt etc…

"In addition to that the current climate we find ourselves in with high levels of inflation and subsequent higher interest rates means that peoples general finances are squeezed at both ends. We feel that we are in a great position to offer a solution to well rounded service for a client’s borrowing requirements and Equity Release is one of those specialisms” says Colin.

If you would like more information about any of the topics mentioned above, please contact one of the team at AKORN on [email protected] or 01254 584330 

Equity release may involve a home reversion plan or lifetime mortgage which is secured against your property. To understand the features and risks ask for a personalised illustration.

Latest news

1

Roundhouse secures approval for new £15m office and industrial scheme in Preston Momentum

Roundhouse secures approval for new £15m office and industrial scheme in Preston

25 Jul 2025

2

Homebuilder's high-performing sales advisers clinch awards Ben Garland and Julia Lorente

Homebuilder's high-performing sales advisers clinch awards

24 Jul 2025

3

Work is set to start on Multiversity project Multiversity Blackpool

Work is set to start on Multiversity project

24 Jul 2025

4

BAE Systems welcomes MOU between Republic of Turkiye and UK for purchase of Typhoon aircraft Typhoon production Warton

BAE Systems welcomes MOU between Republic of Turkiye and UK for purchase of Typhoon aircraft

23 Jul 2025

5

Assystem to double UK jobs to deliver Sizewell C EDF Assystem

Assystem to double UK jobs to deliver Sizewell C

22 Jul 2025

Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
Lancashire Built Environment Conference 2025
BEC 315 X 315 Px
Networking
25 Sep 2025

Lancashire Built Environment Conference 2025

Blackpool Football Club, Blackpool, FY1 6HX

08:30 - 13:00

CMI Level 5 Management and Leadership Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Management and Leadership Course

Preston Campus, Preston , PR1 2HE

09:00 - 17:00

CMI Level 5 Project Management Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Project Management Course

Preston Campus, Preston, PR1 2HE

08:00 - 17:00

Preston Tech Connection: Buzz Word Bingo. Challenging Todays's Buzzwords In Tech
July PTC banner long updated.png.png
LBV Hub Networking
29 Jul 2025 - 29 Jul 2025

Preston Tech Connection: Buzz Word Bingo. Challenging Todays's Buzzwords In Tech

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 19:30

Preston Freelancer Meet-Up: July
Longer July Banner.jpg.jpg
LBV Hub Networking
31 Jul 2025 - 31 Jul 2025

Preston Freelancer Meet-Up: July

Society1, Coworking Space, Preston, PR1 3LT

10:00 - 11:30

Advantage: AI – A Workshop for Business Leaders – August 14th
Navy--Event Tile.png.png
LBV Hub Seminars
14 Aug 2025 - 14 Aug 2025

Advantage: AI – A Workshop for Business Leaders – August 14th

Door4 Office, Burnley Wharf, Burnley, BB11 1JG

09:00 - 12:00

The Business Network Central & East Lancashire
LBV Header (24).png.png
LBV Hub Networking
21 Aug 2025 - 21 Aug 2025

The Business Network Central & East Lancashire

Mytton Fold, Langho, BB6 8AB

11:30 - 14:15

Morecambe Bay Walk
Walk.jpg.jpg
LBV Hub Awards
30 Aug 2025 - 30 Aug 2025

Morecambe Bay Walk

Arnside, CARNFORTH, LA5

09:30 - 14:00

Longridge Soap Box Derby
Screenshot 2025-06-10 090035.png.png
LBV Hub Fundraisers
14 Sep 2025 - 14 Sep 2025

Longridge Soap Box Derby

Berry Lane, Longridge, PR3 3WH

10:00 - 16:30

Cumbria Business Expo 2025
https---cdn.evbuc.com-images-880461633-4862066883-1-original.20241022-110415.jpeg.jpg
LBV Hub Exhibitions
19 Sep 2025 - 19 Sep 2025

Cumbria Business Expo 2025

Carlisle Racecourse, Carlisle, CA2 4TS

09:00 - 15:00

Help to grow management course
Help to grow - barriers to growth.png.png
LBV Hub Seminars
26 Sep 2025 - 16 Dec 2025

Help to grow management course

Preston Campus , Preston , PR1 2HE

09:00 - 15:00

RISE - Lancashire's unique leadership programme for women
thumbnail_Emma Weston Illustration WENDY BOWERS RISE Illustrstion.jpg.jpg
LBV Hub Seminars
22 Oct 2025 - 18 Mar 2026

RISE - Lancashire's unique leadership programme for women

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:30 - 15:30

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV 123 Online Graphic
Subscribe now

Weekly news bulletin